business law -

QUESTION 21

Arthur and Rosario sell goods across the country and have been told about the Uniform Commercial Code (UCC). Which of the following statements is true?

		It governs the sale of services.
		It is adopted by most of the 50 states.
		It covers all leases.
		Common law supersedes the UCC in the sale of goods.

2 points

QUESTION 22

All of the following are exceptions to the statute of frauds except:

		Two merchants can sell goods to each other in excess of $500 without a written contract.
		If goods are specially manufactured and certain factors are present.
		If one party is a merchant, then a writing is not required.
		If a party has accepted goods in excess of $500 under an oral contract, it must pay for them.

2 points

QUESTION 23

The agreement to pay for someone else's loss is called certification.

True

False

2 points

QUESTION 24

Only the maker of a negotiable instrument is liable for payment at maturity.

True

False

Enable GingerCannot connect to Ginger Check your internet connection or reload the browserDisable in this text fieldRephraseRephrase current sentence0Edit in Ginger